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I'm certain that I could not have better written the current "state of play", given the "rules" or bounded rationality of the players.

Merkel's EU-policies: Paris can wait

Instead of dwelling on discussions about potential new financial means for the eurozone and the EU, Merkel drew attention to what she sees as the most important future challenges for the EU: digitisation, industrialisation, trade relations with third countries, strengthening of European competitiveness.

There are several reasons why Merkel chooses to remain tight-lipped about Macron`s reform agenda. [1], additional billion-euro payments to the European partners would go down badly with her conservative party as well as their voters.

Nor the other 25

[2] Merkel - whose victory in the elections seems almost certain - does not yet know who her coalition partner(s) will be.

in the 'tags, in the eurozone, or at the "periphery". Juncker threw out the 3% guidance in the SOTEU. And I'd be surprised as hell, if Barnier --after what he's been through wrangling "banking union-- came out supporting Macron's eurobonds.

Diversity is the key to economic and political evolution.

by Cat on Wed Sep 20th, 2017 at 05:55:13 PM EST
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